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CHINA'S full-year investment on road and water traffic is to reach CNY1 trillion (US$14.6 billion) by the end of the year, a year on year increase of 20 per cent, Xinhua reported. Ministry of Transport spokesman He Jianzhong said the investment on road projects in the early half of this year increased 49 per cent to CNY36.3 billion. Another CNY29.7 billi...
Hanjin Shipping announced today 2Q 2009 business results with total sales of USD 1.29 billion, operating loss of USD 223 million and net loss of 325 million. Despite the loss in operating and net profit, the company is relieved to see a ray of light in the container transport volume, which jumped 22.7% QoQ, contributing to 2.5% increase in total sales of ...
Maersk Line announces revisions to its trans-Pacific network services, including changes to services operated under a Vessel Sharing Agreement with Mediterranean Shipping Company and CMA-CGM, as well as other independent trans-Pacific products. With these network revisions, Maersk Line is poised to continue delivering a reliable product in the trans-Pacific...
The air cargo sector could lose more 35 per cent of its trade as hard-pressed shippers shift to sea freight to cut costs - a situation that may well be permanent, say forwarders according to the Shipping Gazette. While the weight forwarders polled agree, Continental Airlines product development chief Mark Mohr did not. "Ocean shipping requires a pretty ...
TAL International Group, a lessor of intermodal freight containers and chassis, has reported an adjusted pre-tax income for the second quarter ended June 30, 2009 of US$17.0 million, down from $26.6 million achieved in the same quarter a year earlier. Leasing revenues for the second quarter amounted to $79.4 million, up slightly from the $77.9 million rec...
CHINA's Coscon Logistics has selected the global GPS-based sensor network provided by Savi Networks to tag customer shipments in China. The initiative aims to provide increased visibility and security to customers by tracking and monitoring their shipments across the supply chain in real-time. The move by Coscon Logistics to track and monitor shipper con...
HONG KONG's Cathay Pacific has reported a profit of HK$812 million for the first six months of 2009 against last year's first half loss of HK$760 million, crediting a HK$2.1 billion (US$270.9 million) fuel hedging gain. Otherwise Cathay Pacific and its sister carrier Dragonair, has been hit by a deep and sustained downturn in its key markets, with sharp...
NORTH America's east coast dockers union, the International Longshoremen's Association, and Evergreen Shipping Agency (America) are at odds over how to rate the seniority of Taiwanese clerks seconded to the New Jersey office. That, and the prospect of layoffs among the 115 clerks, at the agency has put management and the union in a situation that might ...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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